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Cohen & Steers and Lincoln Property Company Form Joint Venture on Cityline at Tenley Retail Center in Washington, D.C.
Prnewswire· 2025-09-18 20:30
Group 1 - Cohen & Steers and Lincoln Property Company have formed a joint venture to acquire Cityline at Tenley, a retail center located in Tenleytown, Washington D.C. [1] - Cityline at Tenley is strategically positioned above the Tenleytown Metro Station and is anchored by a high-performing Target store, attracting a diverse customer base from the surrounding affluent area [2] - The demographics of the area are strong, with a 3-mile population of 207,000 and a median household income of $142,000, ranking the Tenleytown zip code in the top 1% of zip codes for retail attractiveness [2] Group 2 - James S. Corl, Head of the Private Real Estate Group at Cohen & Steers, expressed optimism about the acquisition, citing a potential generational rent growth super-cycle due to low levels of retail property development and increased demand from retailers [3] - The current retail property market in the U.S. is characterized by high occupancy rates, making shopping centers the most occupied type of commercial property [3] - Cohen & Steers has published a whitepaper discussing their investment thesis on the retail sector, indicating a belief in a retail renaissance in private real estate investing [3] Group 3 - Cohen & Steers is a global investment manager specializing in real assets and alternative income, with a focus on various asset types including real estate, preferred securities, and infrastructure [4] - Lincoln Property Company is one of the largest private real estate firms in the U.S., providing a comprehensive range of real estate services across multiple asset types and managing over 680 million square feet of commercial space [5]
BOXABL and FG Merger II Corp. Announce Public Filing of Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus in Connection with Proposed Merger
Prnewswire· 2025-09-18 20:30
Accessibility StatementSkip Navigation LAS VEGAS and ITASCA, Ill., Sept. 18, 2025 /PRNewswire/ -- Boxabl Inc. ("BOXABL"), a leader in innovative housing solutions, and FG Merger II Corp. (Nasdaq: FGMC, FGMCR, FGMCU) ("FGMC"), a publicly traded special purpose acquisition company, today announced the filing with the United States Securities and Exchange Commission (the "SEC") of a registration statement on Form S-4 (the "Registration Statement") in connection with the previously announced merger of the two ...
Colibri Resource Corporation Advances Growth Strategy to Unlock Value at EP Gold Project and Pilar Joint Venture
Newsfile· 2025-09-16 13:29
Core Viewpoint - Colibri Resource Corporation is advancing its growth strategy to unlock value at its EP Gold Project and Pilar Joint Venture, capitalizing on the strong precious metals market with gold and silver prices near historic highs [1][2]. Group 1: EP Gold Project - The EP Gold Project covers 4,766 hectares in the Caborca Gold Belt of Sonora, Mexico, strategically located within 25 kilometers of significant gold operations by Fresnillo Plc [2]. - Over 12,000 meters of drilling and more than 2,500 surface samples have been completed, revealing abundant high-grade gold values, yet only three of ten high-priority targets have been drill tested, indicating considerable exploration upside [6][7]. - The company is preparing for the next stage of work at EP, with plans to update investors on exploration phases in the coming months [7]. Group 2: Pilar Joint Venture - Colibri holds a 49% interest in the Pilar Gold-Silver Project, which has undergone over 24,000 meters of drilling and a 1,400-tonne bulk sample that returned an average head grade of 1.9 g/t Au with recoveries of approximately 63% [8][9]. - A 50,000-tonne pilot mine facility has been permitted, providing a strategic opportunity for larger-scale testing of the mineralized material at Pilar [9]. - Near-term catalysts for Pilar include the initiation of a pilot bulk sample program, delivery of a maiden resource estimate, and completion of a Preliminary Economic Assessment (PEA) [17]. Group 3: Corporate Strategy - Colibri is advancing a broader corporate strategy to support project milestones, including debt conversion, equity financing, and targeted marketing initiatives to enhance visibility and attract new investors [12][17]. - Management emphasizes the clear, staged growth plan at an opportune time for precious metals, positioning the company to deliver meaningful value for shareholders [13].
VergeIO and Cirrus Data Unite to End Infrastructure Sprawl with a Joint Universal Migration Path and Unifying Platform
Businesswire· 2025-09-16 12:50
ANN ARBOR, Mich.--(BUSINESS WIRE)--VergeIO, the leading VMware alternative, today announced a partnership with Cirrus Data Solutions (CDS), a leader in data mobility technology and services, to help enterprises eliminate infrastructure sprawl—the costly mix of multiple hypervisors, duplicate tools, and isolated stacks, that has crept into data centers. The collaboration combines Cirrus Data's patented software-only data mobility technology with VergeOS, the industry's only single-codebase infra. ...
HyOrc and Start Lda Sign Strategic Joint Venture to Launch National Green Methanol Platform in Portugal
Globenewswire· 2025-09-16 11:41
LISBON, Portugal, Sept. 16, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCID: HYOR), a US-listed leader in modular green fuel technologies, has signed a definitive joint venture agreement with Portuguese waste infrastructure and fuels company Start Lda to co-develop and operate a national network of green methanol plants using HyOrc’s proprietary RDF-to-methanol technology. The JV will deploy an initial 35 Tons Per Day (TPD) launch unit in Porto, producing 8 TPD of methanol, before scaling to five full-sca ...
Surge Announces Letter of Intent with Evolution Mining Limited to Enter into a Joint Venture Agreement
Newsfile· 2025-09-16 11:00
Core Viewpoint - Surge Battery Metals Inc. has entered into a non-binding letter of intent with Evolution Mining Limited to form a joint venture for the development of the Nevada North Lithium Project, aiming to advance lithium exploration and meet the growing demand for battery metals [1][9]. Joint Venture Details - The initial focus of the joint venture will be to complete a Preliminary Feasibility Study (PFS) to evaluate the NNLP's development potential [2]. - The joint venture agreement is contingent upon due diligence, regulatory approvals, and Surge completing an equity financing of at least CAD$3,000,000 [2]. - Surge will hold a 77% ownership interest in the joint venture, while Evolution will own 23% [3]. Contributions and Funding - Surge will contribute all its mineral claims and rights for the NNLP, while Evolution will contribute its 75% mineral interest in an 880-acre private land portion and additional rights in over 21,000 acres surrounding the NNLP [4][5]. - Evolution will fund up to CAD$10,000,000 for the PFS, which could increase its ownership interest to 32.5% if fully satisfied [6]. Management and Governance - The joint venture will be governed by an operating committee from both parties, with Surge acting as the manager as long as it holds more than 50% ownership [7]. - A detailed budget and schedule for the PFS will be prepared and agreed upon before entering into the joint venture agreement [7]. Project Background - The Nevada North Lithium Project is located in the Granite Range, Nevada, and has identified a mineralized zone of lithium-bearing clays with an inferred resource of approximately 8.65 million tonnes of Lithium Carbonate Equivalent (LCE) [15]. - The project has a reported after-tax NPV of US$9.17 billion and an after-tax IRR of 22.8% at a lithium price of US$24,000 per tonne [15].
SuperX Forms Joint Venture with Zhonhen Electric to Revolutionize Global AI Data Center Power Infrastructure
Prnewswire· 2025-09-15 12:30
Core Viewpoint - SuperX AI Technology Limited has formed a joint venture with Zhonhen Electric to create SuperX Digital Power, focusing on High-Voltage Direct Current (HVDC) solutions to address the high energy consumption of AI computing globally, excluding Mainland China, Hong Kong, and Macau [2][3][9]. Company Overview - SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a range of products and services for AI data centers, including high-performance AI servers and HVDC solutions [11]. - Zhonhen Electric is a leading provider of HVDC technology in China, with established trust among major technology and telecom companies [6][10]. Joint Venture Details - The joint venture, SuperX Digital Power Pte. Ltd., aims to integrate Zhonhen Electric's HVDC technology with SuperX's AI infrastructure expertise, creating a comprehensive "Compute + Power" solution [3][8]. - This partnership is expected to enhance SuperX's capabilities, allowing it to offer a fully optimized solution from power-in to model-out, thereby gaining a competitive edge [13]. Technological Advantages - HVDC technology simplifies power distribution, reducing energy losses from approximately 10-15% in traditional systems to over 96% efficiency, significantly lowering operational expenditures [4][7]. - The new architecture allows for higher power density and a smaller footprint, potentially freeing up to 50% of facility space for additional AI servers [7]. Market Positioning - The collaboration positions SuperX to meet the urgent demand for energy-efficient AI data centers, providing a first-mover advantage in the global market [13]. - The partnership is seen as a strategic move to establish a new global standard for energy-efficient AI data centers, enhancing operational efficiency and reducing environmental impact [9].
Robo.ai Announces Joint Venture with Ewatt Aerospace to Establish Dubai eVTOL Company "RoVTOL"
Prnewswire· 2025-09-10 11:51
Core Viewpoint - Robo.ai Inc. and Ewatt Aerospace have established a joint venture named RoVTOL in the UAE, focusing on the global deployment of electric vertical take-off and landing (eVTOL) aircraft, marking a significant advancement in smart mobility solutions [1][2]. Group 1: Joint Venture Details - RoVTOL will leverage Robo.ai's local capabilities and regulatory support in the Middle East, along with Ewatt's eVTOL technology and products, to create a competitive edge in the global market [2][3]. - Key management appointments include Benjamin Zhai as Chairman and Steven Wang as CEO of RoVTOL [1]. Group 2: Business Focus and Strategy - RoVTOL will concentrate on global sales of eVTOL aircraft, with an initial focus on advanced models such as ET1, ET2, ET3, and ET9, and plans to establish a localized assembly facility in the UAE [4]. - The joint venture aims to build a global sales network under the "RoVTOL" brand and adapt existing products for regional markets, particularly in the Middle East and Europe, utilizing a "Technology + Resources + Localization" model [4]. Group 3: Product Lineup - The future product lineup includes: - ET1: Features intelligent fully autonomous control suitable for various scenarios [5]. - ET2: A two-seat model designed for low-altitude operations and tourism [6]. - ET3-e: An all-electric version with ultra-long endurance for public safety applications [7]. - ET3-h: A hybrid version with strong adaptability for high-frequency operations [8]. - ET9: An electric passenger aircraft designed for urban air mobility and emergency rescue [9]. - Derivative models based on ET9 for unmanned operations and logistics [10]. Group 4: Leadership Statements - Benjamin Zhai emphasized the establishment of RoVTOL as a milestone for Robo.ai, aiming to position it as a key player in the eVTOL market and contribute to Dubai's vision of becoming a "World Smart City" [11]. - Ren Wenguang highlighted the complementary strengths of both companies in accelerating technological achievements into market competitiveness [11].
FOR IMMEDIATE RELEASE UPDATE: NANO Nuclear Awarded AFWERX Direct to Phase II Contract for KRONOS MMR™ RDT&E at Joint Base Anacostia-Bolling
Globenewswire· 2025-09-09 14:42
Core Insights - NANO Nuclear Energy Inc. has been awarded a $1.25 million Direct to Phase II Small Business Innovation Research contract by AFWERX to develop the KRONOS MMR™ Energy System for the Department of the Air Force [2][4] - The KRONOS MMR™ is a high-temperature gas-cooled microreactor designed to provide 15 MWe (45 MWth) of carbon-free power, emphasizing safety and resilience [3][4] - The company aims to establish itself as a vertically integrated nuclear energy provider across multiple business lines, including microreactor technologies and nuclear fuel fabrication [5][6] Company Overview - NANO Nuclear Energy Inc. is focused on advanced nuclear technologies and aims to be a diversified company with five business lines: microreactor technologies, nuclear fuel fabrication, transportation, space applications, and consulting services [5] - The company is developing several reactor products, including the KRONOS MMR™, a portable solid core battery reactor named "ZEUS," and the space-focused LOKI MMR™ [6] Strategic Partnerships and Initiatives - The partnership with AFWERX aims to streamline the innovation process for small businesses, enhancing the speed from proposal to award [2][11] - NANO Nuclear's subsidiary, Advanced Fuel Transportation Inc., is working on providing commercial quantities of High-Assay, Low-Enriched Uranium (HALEU) fuel to various sectors, including military and national laboratories [7][8] Technological Innovations - The KRONOS MMR™ features "walk-away safety," allowing it to shut down and remain safe without human intervention, and can operate autonomously during outages [3][4] - The design of the KRONOS MMR™ allows for multiple units to be deployed together to meet varying power requirements, enhancing operational flexibility [4] Market Position and Future Outlook - NANO Nuclear is positioned as the first publicly listed portable nuclear microreactor company in the U.S., indicating a pioneering role in the market [5] - The company is exploring commercial applications of its technology in space, focusing on power systems for extraterrestrial projects [9]
Record Resources Forms Strategic Joint Venture with ReconAfrica to Enter Gabon, Africa, Acquiring Oil Development and Exploration Assets and Signs Production Sharing Contract
Newsfile· 2025-09-09 12:45
Core Viewpoint - Record Resources has formed a strategic joint venture with ReconAfrica to explore and develop oil and gas assets in Gabon, acquiring a production sharing contract for the Ngulu block, which is expected to enhance shareholder value and position the company as a significant player in West Africa's exploration and production sector [2][4][6]. Gabon Transaction and Asset Highlights - The joint venture will see Record Resources and ReconAfrica holding working interests of 20% and 55% respectively, with ReconAfrica as the operator [2][15]. - The PSC covers an area of 1,214 square kilometers, equivalent to approximately 54 Gulf of Mexico blocks, located in shallow offshore waters [5][9]. - The existing Loba oil field discovery, with a gross pay of 140 meters and potential production of approximately 20,000 barrels per day, provides low-risk appraisal and development opportunities [5][10]. - The consortium plans to conduct detailed geological studies, advance 3D seismic reprocessing, and drill one well during the initial four-year term [15][11]. Strategic Rationale - This transaction positions Record Resources in a producing hydrocarbon province, allowing for the development of a sustainable high-growth platform [6][8]. - The acquisition adds significant appraisal, development, and exploration potential to the company's portfolio, with near-term oil production expected to generate cash flow for further exploration [7][8]. Exploration Potential - The Ngulu block contains an extensive inventory of high-impact exploration projects, with 28 mapped prospects identified, which are analogous to play types found in the Gulf of Mexico [5][11]. - Advanced seismic reprocessing is planned to enhance imaging of prospects and reduce drilling risks, with a focus on the Lepidote Deep, Pompano Dentex, and Palomite complexes [12][13][14]. Industry Context - Gabon is a leading oil producer in Africa, with current production exceeding 220,000 barrels per day and proven reserves of approximately 2 billion barrels [17][18]. - The Gabonese government is committed to creating a favorable regulatory environment to attract investment in the oil and gas sector, which is crucial for the country's economic stability [17][18].